TOKYO/NAGOYA, Japan -- Toyota Motor unit Hino Motors and Mitsubishi Fuso Truck and Bus, a subsidiary of Germany's Daimler Truck, are moving to finalize a merger agreement, Nikkei has learned.
Business deals
Toyota, Daimler near merger of truck units, eyeing Tokyo listing
Hino Motors and Mitsubishi Fuso seek global scale to withstand Chinese rivals, U.S. tariffs
Toyota, Hino, Daimler Truck and Mitsubishi Fuso reached an initial agreement on a merger in May 2023, but a final deal had proved elusive. (Source photos by Nikkei)
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